#RealtyNewsRoundup: Building Highrises Near Delhi Airport Becomes Easy

Realty News Roundup is PropGuide's selection of daily top stories from the real estate sector.

The Airports Authority of India (AAI) and the South Delhi Corporation have created a common online platform for applicants seeking approval for their building plans, especially with regard to constructing high-rises. Besides this, the AAI has also relaxed the 18-metre restriction to construct taller buildings in areas close to the Indira Gandhi International (IGI) Airport. With building plan approvals simplified and the red zone reduced, people can easily construct buildings in areas such as Dwarka, Vasant Kunj, Janakpuri and Kapashera, and some parts of the Lutyens' Delhi.

The Mumbai municipal commissioner has ordered an inquiry after developers complained of rampant corruption in the building proposal department of the civic body. The developers have alleged that civic officials, especially in the Bandra (west) office, are demanding huge bribes to retrieve their building proposal files or accept online building construction proposals.

Under the Haryana government's affordable housing policy, realty company Signature Global will invest about Rs 950 crore to develop 5,000 low-cost homes in Gurgaon. The company, which expects to accomplish the project in three years, has completed allotment of 5,005 housing units in five projects through draw of lots. The first project will be delivered by end of the next year.

The Himachal Pradesh Assembly has approved the HP Town and Country Planning (HPTCP, Amendment) Bill, 2016, to regularise illegal buildings in the state. Urban Development, Town and Country Planning Minister Sudhir Shama said buildings would be regularised on as-is-where-is basis. However, plans for buildings that are not safe would not be approved.

Source: Media reports